A10 Networks, Inc. (NYSE:ATEN) Shareholders to Receive $0.06 Quarterly Dividend

A10 Networks, Inc. (NYSE:ATEN) declared a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be given a dividend of $0.06 per share by the communications equipment provider on Tuesday, December 1st. This represents a $0.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 16th.

A10 Networks has a payout ratio of 24.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect A10 Networks to earn $0.91 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 26.4%.

A10 Networks Trading Down 5.3%

Shares of A10 Networks stock opened at $22.55 on Friday. A10 Networks has a twelve month low of $16.52 and a twelve month high of $38.49. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 33.53 and a beta of 0.99. The company has a fifty day moving average price of $25.96 and a 200 day moving average price of $26.55.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, November 5th. The communications equipment provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%. The company had revenue of $91.55 million for the quarter, compared to analyst estimates of $83.88 million. During the same period last year, the company posted $0.23 earnings per share. The firm’s revenue was up 22.6% compared to the same quarter last year. Analysts forecast that A10 Networks will post 0.81 earnings per share for the current year.

A10 Networks Company Profile

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.